If you're interested in coins, see the American Numismatic Association's Coin Grading brochure.There are specific standards that define what "mint," "poor," and other grades mean:.When a bill is in mint condition, it is worth more than the same bill in poor condition.Coins and bills can grade from "mint" or "uncirculated" (no signs of wear) to "poor".Most price guides give values for several grades.
To see demand in action, look at the prices on eBay's coin and paper money page - when more people want to buy a certain item (a high demand), the price often goes up.The demand might be higher or lower in different areas of the world, or during different years.Rarity also involves the number of those coins or bills that are still around today.ĭemand varies according to the popularity and availability of a coin or bill: Rarity involves the number (or "mintage") of coins or bills that were originally produced. There are several factors that influence the value of a coin or bill: Wholesale value can also be a discounted price that a dealer would accept from a buyer who is purchasing in large quantities. Wholesale value is the price for which a dealer would sell a coin to another dealer. So, if a dealer wants to stay in business, they usually offers lower buy prices than retail prices. Retail value is the price for which a dealer would sell a coin or bill to you. This price is called the "book" value because you would typically find it in a published book such as the Standard Catalog of World Coins.īuy price is the price that a dealer would be willing to pay you if you sold them your coin or bill. Basically, there are four different types of "value" for coins and bills:īook value is an average of many dealers' retail prices for a certain coin or bill - in other words, what the average dealer would sell it for.
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